India dumps US dollar for UAE dirham, Chinese yuan in Russian coal trade: Report

Russia became India's third-largest coal supplier after New Delhi began to move away from the US dollar in their bilateral trade

UAE, India discuss settling non-oil trade in rupees: Report

China also considered settling non-oil trade in local currencies that do not include the dollar

Global South: Gold-backed currencies to replace the US dollar

The adoption of commodity-backed currencies by the Global South could upend the US dollar’s dominance and level the playing field in international trade.

UAE to disburse $817 million in housing support for citizens

The UAE president earlier waived off over $146 million of debts for 1,214 Emirati citizens

UAE will speed up expansion of oil production facilities to meet global demand

The Emirati state-owned oil company will spend $150 billion over the next five years to raise the country's daily oil output by five million barrels

UAE releases former Khashoggi lawyer convicted for money laundering

Lawyer Asim Ghafoor, a US citizen, was detained days before the arrival of Joe Biden to Saudi Arabia last month

Russia looking to bolster reserves with Turkish, Chinese currencies

Russia, along with several other sanctioned nations, has begun moving away from western currencies in order to overcome sanctions

From Balkh to Konya: Discovering Rumi’s spiritual geopolitics

While Jalal al-Din Rumi is synonymous with Islamic mysticism, a deeper dig brings to light the West Asian political changes and upheaval that shaped his world and other-worldly view.

Russia signs $40bln investment agreement with Iran national oil company

Russia has agreed to help Iran develop several of its gas and oil fields, as the two nations deepen their cooperation to overcome western sanctions

Russia requests oil payments from India in UAE currency: Report

The UAE and India are among the many nations refusing western diktats to cut ties with Russia in the wake of the war in Ukraine

UAE to provide $5bln lifeline for Turkey with currency swap deal

The cash injection comes as Ankara faces a major currency crisis that has seen the lira lose nearly half its value against the US dollar

Turkey and the UAE ‘exploring’ $5 billion currency swap: Report

The deal is set to bolster Ankara's foreign reserves amid a worsening currency crisis